AI Terminal
Hilton Food Group PLC
Remuneration Information • Sep 15, 2022
4867_dirs_2022-09-15_d748d331-197e-4435-9032-2cb1132139b7.html
Remuneration Information
Open in ViewerOpens in native device viewer
National Storage Mechanism | Additional information 
RNS Number : 6323Z
Hilton Food Group PLC
15 September 2022
Hilton Food Group plc
Director/PDMR Shareholding
On 17 May 2022, Hilton disclosed the grant of awards of Shares to Executive Directors under the Hilton Food Group Long-Term Incentive Plan 2019. For the first time, the Group's Long-Term Incentive Plan contains a significant ESG element. This is to ensure that Executive Directors are incentivised to achieve continued delivery against the Group's sustainable protein plan.
The details of the Relative TSR targets were published in May. However, as a result of the Board working through the integration of a number of acquisitions, the Board agreed to set and disclose the EPS and ESG targets post grant albeit no later than 30 September 2022.
Hilton is now able to confirm the complete performance conditions covering the three financial years 2022-2024 as follows.
| Metric | Weighting | Threshold 10% vesting |
Maximum 100% vesting |
| EPS | 60% | 5% growth per annum |
12% growth per annum |
| Relative TSR compared with the constituents of the FTSE 250 (excluding investment trusts) | 25% | Median | Upper quartile |
| ESG | |||
| i) Scope 1 & 2 energy efficiency | 5% | 6.5% reduction over 3 years | 43.9% reduction over 3 years |
| ii) Packaging recycled content | 5% | 11.7% increase over 3 years | 28.3% increase over 3 years |
| iii) Food waste | 5% | 15.0% reduction over 3 years | 30.0% reduction over 3 years |
Vesting for all the performance conditions above increase rise pro-rata between threshold and maximum limits.
Further details of the awards will be set out in the next Directors' Remuneration Report in respect of the 2022 financial year.
For further enquiries please contact:
Neil George
Company Secretary
Tel.: +44 (0) 1480 387207, email: [email protected]
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.
RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
END
DSHFELFFLKLFBBF